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Georgia Department of Banking and Finance Takes Possession of The Community Bank, Loganville, Georgia

Georgia Department of Banking and Finance Takes Possession of The Community Bank, Loganville, Georgia

November 21, 2008

The Georgia Department of Banking and Finance (“Department”) took possession of The Community Bank, Loganville, Georgia on November 21, 2008. The Superior Court of Walton County issued an Order appointing the Federal Deposit Insurance Corporation (“FDIC”) as Receiver of the Bank effective upon the Department taking possession of The Community Bank.

The Department took possession of The Community Bank pursuant to the Official Code of Georgia, Section 7-1-150(a) which authorizes the Department in its discretion to take possession of the business and property of any state chartered financial institution whenever such financial institution is either insolvent or operating in an unsafe or unsound condition to transact its business, is operating in violation of any court order, statute, rule or regulation, or requests the Department to take possession of its business and property.

All deposit accounts of The Community Bank have been transferred to Bank of Essex, Tappahannock, Virginia, and will be available immediately. On November 24, 2008, depositors will be able to access their accounts at the former main office and branch locations of The Community Bank. For the time being, former customers of The Community Bank should use the former offices of The Community Bank until Bank of Essex can fully integrate the deposit records of The Community Bank. Additionally, the former depositors of The Community Bank can continue to access their accounts through automated teller machine transactions, checks and debit transactions.

Due to the terms of the deposit bid by Bank of Essex, all deposits will be transferred to Bank of Essex and, therefore, it is not currently anticipated that there will be any loss exposure to former The Community Bank depositors that have deposits exceeding the FDIC Deposit Insurance amounts.

The Department’s Commissioner, Robert M. Braswell, reminds depositors that deposits of all Georgia banks are now insured by the FDIC up to $250,000. Special rules are in place for accounts held in trust status, joint accounts, and non-interest bearing transaction accounts that may further expand deposit insurance coverage. You can find additional information on FDIC Deposit Insurance at www.fdic.gov.

The FDIC has established a website and a toll-free phone number to answer questions from depositors, creditors and other interested parties regarding the receivership of The Community Bank. The website is www.fdic.gov and the toll-free phone number is 1-800-930-1904. The phone number is operational on Friday from 5 p.m. until 9 p.m. Eastern Standard Time, on Saturday from 9 a.m. until 6 p.m. on Sunday from 11 a.m. to 5 p.m. and thereafter from 8 a.m. to 8 p.m.